wordpress blog stats
Connect with us

Hi, what are you looking for?

Hungama Gets New Company Name, New Logo…IPO?

hungamacos21Maybe there is some credence to the rumour that Hungama is preparing for an Initial Public Offering.

Hungama has a new corporate website, a new logo that reflects a single brand, and most importantly, Virtual Marketing (India) Pvt Ltd is now Hungama Digital Media Entertainment Pvt Ltd. We’re not sure if VMIL has been renamed, or if a new company has been formed. 

Keep in mind that Rakesh Jhunjunwala, one of India’s best known stock market investors, is believed to be a key shareholder in Hungama (details here). ICICI Venture was an investor in Hungama a few years ago, but the company isn’t listed in their portfolio now. Another report had claimed, around a year ago, that Reliance Capital has investments in Hungama. Investors do need an exit, don’t they? HDMEL’s core team consists of Neeraj Roy, Saleem Mobhani, Siddhartha Roy and Kaushik Mukherji.

Our Take: Of all their properties, we believe two are key to Hungama:

Bollywood Hungama (formerly IndiaFM), which had been acquired from Saleem and Suleman Mobhani. Saleem Mobhani is the COO for Hungama Mobile. This was a key event, which gave Hungama, essentially a digital marketing company, access to Bollywood and Bollywood content.
Hungama Mobile – their Bollywood content distribution business, much of which (allegedly) relies on hefty pay-outs to T-Series. We’ve heard that the tables have turned, though. How much T-Series gets as a minimum guarantee from Hungama, and whether Hungama will survive without T-Series has been the subject of many a conversation in the industry. They had tied up with T-Series in 2005, and bagged the Eros account earlier last year.

 

So Bollywood Hungama gets the content via their connections, and the mobile business monetizes it. Interestingly, Hungama claims it became profitable in 2003…but we wonder if that changed in 2005 after the T-Series tie-up. 

The Hungama DRHP will be most interesting, if and when it is filed. Don’t hold your breath, though – this isn’t an IPO market by any stretch of the imagination.

You May Also Like

News

Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification...

News

The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...

News

When questioned about whether Info Edge will hold onto its Zomato stake with reports of an initial public offering (IPO) looming for the food...

News

The Shanghai Stock Exchange (SSE) has suspended the Ant Group’s $34.5 billion initial public offering (IPO) on Tuesday, after the financial conglomerate was summoned...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ